Natural Gas Day Trading Update, using Futures NG 05-13

Natural Gas Direction & Targets

Natural Gas Day Trading Update, using 1440min chart

On last post of Natrural Gas, I mention that I was looking to see Natural Gas go back to blue line ( price 3.8 to 3.6 price.

What happen so far? NG go down till 3.8 price , about 23% down and Sellers test 3.890 price, buyers support , and wasn’t able to close under.

During next day, I would like to see buyers go back to my 2nd or 3rd target. At this level, buyers should not have enough strength and sellers will get in the market and finally go retest 3.7 price. But if buyers succeed , they will create a new strong support between 4.15 and 4.0$.

Long Targets: 3.99 – 4.06 – 4.14

Short Targets : 3.91 – 3.84 – 3.74